Trading (TEAM) With Integrated Risk Controls

December 27, 2023, 21:15 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TEAM

• Buy TEAM slightly over 230.42 target n/a stop loss @ 229.75. Details

The technical summary data tells us to buy TEAM near 230.42, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 229.75 to protect against excessive loss in case the stock begins to move against the trade. 230.42 is the first level of support below 243.06, and by rule, any test of support is a buy signal. In this case, if support 230.42 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for TEAM

• Buy TEAM slightly over 247.45, target 259.89, Stop Loss @ 246.74 Details

If 247.45 begins to break higher, the technical summary data tells us to buy TEAM just slightly over 247.45, with an upside target of 259.89. The data also tells us to set a stop loss @ 246.74 in case the stock turns against the trade. 247.45 is the first level of resistance above 243.06, and by rule, any break above resistance is a buy signal. In this case, 247.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TEAM slightly near 247.45, target 230.42, Stop Loss @ 248.16. Details

The technical summary data is suggesting a short of TEAM if it tests 247.45 with a downside target of 230.42. We should have a stop loss in place at 248.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 247.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TEAM

• Buy TEAM slightly over 243.62, target 247.45, Stop Loss @ 243.05 Details

If 243.62 begins to break higher, the technical summary data tells us to buy TEAM just slightly over 243.62, with an upside target of 247.45. The data also tells us to set a stop loss @ 243.05 in case the stock turns against the trade. 243.62 is the first level of resistance above 243.06, and by rule, any break above resistance is a buy signal. In this case, 243.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TEAM slightly near 243.62, target 230.42, Stop Loss @ 244.19. Details

The technical summary data is suggesting a short of TEAM if it tests 243.62 with a downside target of 230.42. We should have a stop loss in place at 244.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 243.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Atlassian Corporation (TEAM) available here: TEAM.

TEAM Ratings for December 27:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	182.19
P2	243.62	247.45	205.79
P3	247.94	259.89	230.42

AI Generated Signals for TEAM

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Atlassian Corporation (NASDAQ: TEAM) report below can help you, but we have more details too. The trading plans for TEAM, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.